FOCUS!! Let's dissect this chart 1 by 1 like how we did our oral exam when we were much younger. :P
At a bigger picture, I have spotted a bearish shark pattern, noted on that as a potential reversal zone and I want to get involved with that but is too early to say.
Situation Awareness: Right now the market is in the sell zone until it breaks and closes above the sell zone(light red box) it still have some level of risk in this setup.
Trendline is 1 of my important filters because Structure is KEY!!! I will want to wait for a retest back into the trendline and look for a buying opportunity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.